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Meantime, the public sector in the past three decades has consumed more and more of the nation's gross national product (32.5% in 1978). An exorbitantly overgrown system of regulation has turned prudent Government watchfulness over private industry into virtually perpetual interference, and thereby chilled enthusiasm for investment. Moreover, the business of business, unglamorous and vaguely unpopular in the U.S. for at least several generations, is portrayed as all-purpose villain at the very moment when it should be stimulated to its greatest exertions. Communications across the barriers of attitude become difficult. Too many Americans cherish a doctrinaire repugnance...

Author: /time Magazine | Title: Time Essay: The Weakness That Starts at Home | 6/4/1979 | See Source »

...other hand, Hardwick makes full use of the legendary self-destructiveness of Billie Holiday. There is the suggestion of a 1940s acquaintanceship with the great blues singer. Hardwick, the prudent observer, is fascinated by the abandon with which Holiday burned talent and life. There is a tendency to mythologize her excesses and her presence: "The lascivious gardenias, worn like a large, white, beautiful ear, the heavy laugh, marvelous teeth, and the splendid head, archaic, as if washed up from the Aegean...

Author: /time Magazine | Title: Books: The Lady Sings The Blues | 5/7/1979 | See Source »

Whether such a drastic step, with all its consequences for America's energy future, might be prudent cannot be determined until both the final outcome and the precise causes of the failure at Three Mile Island are known. By the company's own version of events, there were at least five equipment breakdowns?of valves, pumps and fuel rods. Moreover, the engineers should have been able to cool the reactor to a safe level within twelve hours. Only after the reactor core has fully cooled and the abnormal radiation levels within the container building have been reduced will investigators...

Author: /time Magazine | Title: A Nuclear Nightmare | 4/9/1979 | See Source »

...Harrisburg, Governor Thornburgh, who had carefully avoided any statements that might cause panic, even while remaining skeptical of the utility company's pacifying pronouncements, decided it was time to warn people living near Three Mile Island to take prudent precautions. First, he asked all residents within ten miles to remain inside their homes with their windows closed (though in fact that provides scant protection from radiation). Then he urged pregnant women and young children within a five-mile radius to move out, and closed schools. He also took the broader step of advising the four counties in the area, where...

Author: /time Magazine | Title: A Nuclear Nightmare | 4/9/1979 | See Source »

Board members pointed out that an amendment to balance the budget would straitjacket the economy, particularly during a recession, when deficit spending often is prudent to spur a recovery. Otto Eckstein noted that because tax revenues fall during a recession, Congress would have to raise taxes in order to balance the budget, and that would bury the economy even deeper...

Author: /time Magazine | Title: Business: Brown vs. the Board | 3/5/1979 | See Source »

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